Sumitomo Mitsui Trust Group Inc. reduced its stake in Synchrony Financial (NYSE:SYF – Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 947,004 shares of the financial services provider’s stock after selling 9,850 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Synchrony Financial were worth $64,415,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Synchrony Financial during the 4th quarter valued at approximately $383,231,000. Bank of America Corp DE lifted its position in shares of Synchrony Financial by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after purchasing an additional 3,494,741 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Synchrony Financial in the 4th quarter valued at $84,494,000. Worldquant Millennium Advisors LLC boosted its stake in shares of Synchrony Financial by 222.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock valued at $62,555,000 after purchasing an additional 646,642 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Synchrony Financial by 13.0% during the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after buying an additional 592,567 shares during the period. 96.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on SYF shares. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Truist Financial upped their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. UBS Group increased their price target on Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Robert W. Baird lifted their price objective on Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company dropped their price objective on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.21.
Insider Transactions at Synchrony Financial
In related news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction on Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the sale, the insider owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This trade represents a 27.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.
Synchrony Financial Stock Up 1.3%
SYF stock traded up $0.92 during trading on Friday, reaching $72.49. 2,903,822 shares of the stock were exchanged, compared to its average volume of 3,499,538. The firm’s 50 day moving average is $73.17 and its 200 day moving average is $73.86. The firm has a market cap of $24.38 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77.
Synchrony Financial (NYSE:SYF – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, research analysts forecast that Synchrony Financial will post 9.33 EPS for the current year.
Synchrony Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.41%.
Synchrony Financial declared that its board has authorized a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
Synchrony Financial Company Profile
Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.
Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.
Featured Articles
- Five stocks we like better than Synchrony Financial
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF – Free Report).
Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.
